FINANCE

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Federal Reserve to Begin Reducing Bond Purchases Beginning This Month
In a step towards withdrawing the massive support it has been providing to the financial markets and the economy, the United States Federal Reserve announced on Nov. 3, that it will be scaling down the...
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Two of Top Three Most Popular Electric Cars in China are Foreign Brands
China is one of the biggest electric car markets in the world. However, it is the foreign brands that seem to have an upper hand in terms of customer preference. Recently released results of a...
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Another Chinese Property Developer Faces Trouble Amidst Real Estate Crisis
Ever since China’s biggest real estate developer Evergrande unraveled its financial situation, several other players from the sector have also come out admitting that they too are in a tough spot. The latest to join...
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Facing Growing Pressure, Gaming Giant Epic to Shut Down Chinese Version of Fortnite After 2 Years in Beta
Ever since its launch in July 2017, Fortnite has taken the gaming world by storm. In spite of its immense popularity, Epic Games has announced that it has given up on plans to bring the...
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Pricier Thanksgiving Turkey This Year, Warns Butterball CEO
With Thanksgiving approaching, people have begun preparing for the celebration. However, high demand and rising inflation means that this year’s Thanksgiving might be pricier than last year. In an interview with Fox Business Network, Jay...
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Man Wanted in China Arrested and Charged for Visa Fraud in Miami
According to the Department of Justice in the Southern District of Florida, a Chinese businessman who is charged in a federal grand jury indictment with entering the United States using fraudulently-obtained visas will remain behind...
Yahoo's Headquarters In Sunnyvale, California
Yahoo Bids Farewell to China, Completely Ending Partnership With Beijing
Yahoo has become the latest American tech company to permanently end its partnership and presence in China. The company joined Microsoft’s business networking platform LinkedIn in pulling out of China, citing an “increasingly challenging business...
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Beijing Announces 30 COVID-19 Infections; Lockdowns Across City Cause Long Lines as People Rush to Get Tested
On Oct. 31, the Culture and Tourism Bureau in Beijing’s Dongcheng (eastern downtown) District issued a notice suspending cinemas throughout the district effective immediately. The same day, the Beijing Broadway Film Center also issued an...
Tesla will recall 2,800 2019 to 2021 Model 3 and Model Y for front suspension manufacturing defects
Tesla Recalls 2,800+ Vehicles With Front Suspension Manufacturing Defects
Tesla will recall more than 2,800 Model 3 and Model Y vehicles to repair front suspension issues resulting from a manufacturing defect caused by an inappropriately torqued fastener.  The Safety Recall Report to the U.S....